Around a dozen banks are currently struggling to repay depositors, eroding public trust
The banking sector is currently going through one of its worst times. People are suffering, with some even failing to withdraw their own money, causing immense distress.
The discord became apparent after Faiz Ahmed Taiyeb, special assistant to the chief adviser with authority over the Ministry of Posts, Telecommunications and IT, sent a letter to the BB governor on May 12 and posted the letter to his Facebook account recently
Bangladesh Bank has recently discovered through a probe that the joint director of its Rajshahi office, who has been serving the central bank for 12 years under the name of Md Abdul Waresh Ansary, is actually an imposter.
The interim government expects the country’s gross foreign exchange reserves to rise to $34.4 billion by the end of the fiscal year (FY) 2025–26, buoyed by strong remittance inflows, export performance, and budgetary support from development partners.
Despite repeated appeals from bank directors and top executives over the past month, the central bank held firm.
Govt asks postal department to take responsibility of the MFS provider
The central bank is likely to issue a circular in this regard today.
Around a dozen banks are currently struggling to repay depositors, eroding public trust
The banking sector is currently going through one of its worst times. People are suffering, with some even failing to withdraw their own money, causing immense distress.
The discord became apparent after Faiz Ahmed Taiyeb, special assistant to the chief adviser with authority over the Ministry of Posts, Telecommunications and IT, sent a letter to the BB governor on May 12 and posted the letter to his Facebook account recently
Bangladesh Bank has recently discovered through a probe that the joint director of its Rajshahi office, who has been serving the central bank for 12 years under the name of Md Abdul Waresh Ansary, is actually an imposter.
Despite repeated appeals from bank directors and top executives over the past month, the central bank held firm.
The interim government expects the country’s gross foreign exchange reserves to rise to $34.4 billion by the end of the fiscal year (FY) 2025–26, buoyed by strong remittance inflows, export performance, and budgetary support from development partners.
Govt asks postal department to take responsibility of the MFS provider
The central bank is likely to issue a circular in this regard today.
In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
Globe Pharmaceuticals Group of Companies is set to sell its edible oil unit, Globe Edible Oil Ltd, to adjust bank liabilities.
